Note from the Lobbying Team
Another busy week in Carson City! Legislators worked well into the evening on Monday to introduce 176 bills in one day. That's a lot of reading for the Lobbying Team. We are watching closely for all real estate related issues, and keeping an eye out for landlord-tenant and HOA proposals.
REALTORS® Visit Carson City
PSF major investors were invited to attend a reception with legislators on Wednesday. The event was well attended, with over 30 legislators who came to mingle with our members.
The following day, NVAR President Greg Martin and Legislative Chair Keith Kelley were recognized on the Senate floor. Being introduced on the floor is a tremendous honor, and we would like to thank Senator Goicoechea and Senate President Pro Tempore Mo Denis (who's also a REALTOR®!) for making this possible.
Real Estate Division Overview
On Wednesday, Business and Industry Director Bruce Breslow and Real Estate Administrator Sharath Chandra presented an overview of the Real Estate Division's activities to the Assembly Committee on Judiciary.
One of the interesting issues addressed was the fact that the Division has gone from a staff of 29 at the peak to 17 employees due to the drastic cuts that had to be implemented during the recession. Last session, the Division was able to obtain funding for 5.4 temporary staff through the Attorney General's office with funds from the Mortgage Settlement, which has helped, but that funding source is now exhausted. Mr. Chandra reported that the Governor's budget included funding for those 5.4 staff persons as part of the Real Estate Division's general fund allocation for the next biennium.
Mr. Breslow also explained that due to those severe cuts in personnel, the Division had been forced to close the northern Nevada office. He stated that the Division was planning to re-open an office with limited services in the north this year, even though the Division does not have additional staff to do so.
Property Taxes Discussions
The Senate Revenue and Assembly Taxation committees held several joint meetings this week to examine the property tax issue from a local government perspective. Clark and Lyon counties, the Clark and Washoe school districts, along with the cities of Sparks and Fernley have presented information to the committee members and discussed how the secondary caps are affecting their budgets. The calculation for the property tax caps are not as straightforward as most people think with the 3% for owner occupied and 8% for other properties, there are other provisions that tie in CPI and 10-year assessed value averages - these are the provisions that the local entities are discussing.
Jeremy Aguero from Applied Analysis laid out some options for the legislators to consider on this issue. More conversations will take place over the next couple of months.
2017 SESSION BY THE NUMBERS
The 79th Session of the Nevada Legislature began on February 6, 2017, and adjourned sine die on June 6, 2017.
|# of BDRs
|# of Senate Bills
|# of Assembly Bills
|Bills Tracked by NVAR
||Bill Introductions by Legislators
||Bill Introductions by Committees
||First House Committee Passage
||First House Passage
||9Second House Committee Passage
||Second House Passage
|February 17, 2017 EDITION
In this issue:
2016 Major Investors
Investment completed as of December 31, 2016
Platinum R ($10,000+)
Golden R ($5,000+)
Crystal R ($2,500+)
Sterling R ($1,000+)
Robert Andy Stahl
David Tina Sr.
David Tina Jr.
Association Corporate Contributors
NVAR - Platinum R
GLVAR - Platinum R
RSAR - Crystal R
SNAR - Crystal R
IVBOR - Sterling R
ECAR - Sterling R
Southern Nevada CCIM - Sterling R
Northern Nevada MLS - Corporate Ally Program
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Contact Government Affairs Directors